DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 3 day cycle projection 2518-2525 Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 2 day cycle projection now 2537. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 5 day cycle projection 2600-2670 conditional on breakout through 2520. Link to comment Share on other sites More sharing options...
sandy beach Posted January 4, 2019 Report Share Posted January 4, 2019 45 minutes ago, DrStool said: You're like a leaf that blows in the wind. We're in a bear market up phase. That's all. 50% retrace would be 2650. Ho hum. http://wallstreetexaminer.com/2018/12/when-things-dont-add-up-subtract/ $RUT has to close substantially above the 200-week today for us to get the S&P to the 50% Fibo in my opinion. And then that would be one hell of a shorting opportunity from 2650! Right now the $RUT seems willing and able. The MACD on the S&P has turned to a short term buy. So it could happen. Pretty wild ride! Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 3 day cycle projection 2548. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 There's not enough liquidity to support bull moves in both stocks and bonds. Case in point... today. Link to comment Share on other sites More sharing options...
Jorma Posted January 4, 2019 Report Share Posted January 4, 2019 I almost never get mad at myself for missing a trade I was at least considering, I don't trade all that much. But I am pissed that I forgot all about today's jobs report. It figured we were due for another rally and that it would likely come from good economic numbers. Yesterday I would not have known the stupid headline number would be a blowout but I knew such thing was possible and sure wish I had been ready for it. Link to comment Share on other sites More sharing options...
Jorma Posted January 4, 2019 Report Share Posted January 4, 2019 Ha ha. Powell says the Fed will adjust policy quickly if the ECONOMY slows. Well, duh. At any rate too late for the markets. Link to comment Share on other sites More sharing options...
fxfox Posted January 4, 2019 Report Share Posted January 4, 2019 6 minutes ago, Jorma said: Ha ha. Powell says the Fed will adjust policy quickly if the ECONOMY slows. Well, duh. At any rate too late for the markets. He said the exact same thing weeks ago, right? Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 2 hours ago, DrStool said: 2 day cycle projection now 2537. OK, considering that was posted at 10:30, that's amazing. Link to comment Share on other sites More sharing options...
fxfox Posted January 4, 2019 Report Share Posted January 4, 2019 As long as Trump is pres there won‘t be a serious crash/bear market. He has the powers which counts on his side. Trump is obsessed with the stock market like no pres ever before. Can‘t compare that with Carter who led Volcker do those horror rate hikes. Carter wasn‘t interested that much in stocks. Never ever will Poopwell be allowed to work against Trump for more than a brief period. The concept that there will be a multi year long battle between Trump and the FED is nothing else but wishfull thinking. When was the last time FED chair actually worked against the outspoken interests of the Pres? Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 The bad news is that the projection is now 2548. And the 3 day is 2557. Mygawd it's a bull market. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 Just now, fxfox said: As long as Trump is pres there won‘t be a serious crash/bear market. He has the powers which counts on his side. Trump is obsessed with the stock market like no pres ever before. Can‘t compare that with Carter who led Volcker do those horror rate hikes. Carter wasn‘t interested that much in stocks. Never ever will Poopwell be allowed to work against Trump for more than a brief period. The concept that there will be a multi year long battle between Trump and the FED is nothing else but wishfull thinking. When was the last time FED chair actually worked against the outspoken interests of the Pres? Money talks. And there's not enough money to absob $100 billion a month in Treasury issuance. The SPX will be at 1700 by this time next year. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 3 day cycle projection back down to 2542. Link to comment Share on other sites More sharing options...
DrStool Posted January 4, 2019 Report Share Posted January 4, 2019 Big bubbles end in secular bear markets. Link to comment Share on other sites More sharing options...
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